Tuesday, December 8, 2009

I am interested and will be following this

I find it rather interesting that Republicans destroyed transportation funding by reversing indexing here in Wisconsin and now there is a proposal at the Federal Level to debate this very issue. Read further......

LaHood Suggests Gas Tax Debate at a summit in Fort Worth, Texas, U.S. Transportation Secretary Ray LaHood suggested Congress debate next year whether to increase the federal gasoline tax to pay for a long-term transportation authorization bill. While the Obama Administration still opposes an increase in the gas tax at this time, the Secretary's call for a debate on funding options including indexing the federal gas tax is new. LaHood also pledged to work with Congress on passing a long-term reauthorization bill in 2010.

The secretary and the administration had previously pushed for postponing reauthorization until 2011 after the mid-term elections. However, House and Senate leadership have said they are determined to complete the bill next year. "The problem we have is, Congress wants to pass a very robust transportation bill in the neighborhood of $400 or $500 billion, and we know the highway trust fund is just deficient in its ability to fund those kinds of projects," LaHood said.

"The highway trust fund was substantial at one time, but now with people driving less, and driving more fuel-efficient cars, it has become deficient. To index the federal fuel tax, that's something Congress is going to have to decide."The previous surface transportation authorization, SAFETEA-LU, expired September 30, 2009 and has been extended twice with short-term continuing resolutions. The current continuing resolution expires December 18th.

No comments:

Post a Comment